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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maloney who wrote (155116)	3/8/2002 7:01:25 PM
From: patron_anejo_por_favor	Read Replies (4) \| Respond to of 436258

Pretty amazing that they allow this guy to keep working at Fidelity: messages.yahoo.com Fidelity US manager seeks solace in gold 6 March 2002 11:23:00 AM BY JULIE HENDERSON - Technology stocks are unlikely to make the big comeback many US investors are looking for and may even contract more, says Fidelity's North American fund manager, John Muresianu who has moved overweight into gold to limit his risk against further volatility. Muresianu, who is has been well-known in the fund management sector for several years and is something of a legend to the IFA sector, is taking what he describes as a "contrary" approach and staying away from defensive stocks while markets are still unstable. Investor unease over US accounting procedures seen in the Enron affair and IBM leads Meresianu to believe technology, financial and blue chip growth companies have yet to take a further hit. "The market still believes in technology and expects a comeback yet I think that future earnings and modulars will contract," says Muresianu. "Although stock prices are down, they are not down as much as the fundamentals. Finance stocks are highly overvalued and derivatives exposure will show themselves as a big problem going forward, alongside a negative bid against blue chip growth companies." Rather than retreating to traditional cyclical stocks, Muresianu has moved the 400-500 stocks held within his portfolio to put the larger weightings in small-cap value stocks, gold and energy stocks because they act in a risk-averse manner. Hmm, looks like he has the right fix on inflation with this portfolio: biz.yahoo.com I may throw a few clownbux his way come next week.